Troubled Italian bank could be nationalised

Monte dei Paschi di Siena has reportedly failed to attract private investors

22nd December, 2016
The head office of Italian bank Monte dei Paschi di Siena. Pic: Getty

No anchor investor has shown interest in a sale of shares, the bank said in a statement late last night. Two debt-for-equity swap offers will raise about €2 billion, with investors converting bonds for about €2.5 billion, the lender said. The interest is probably insufficient to pull the deal off, said people quoted by Bloomberg.

Qatar’s sovereign wealth fund, which had considered an investment, has not committed to buying shares, people with knowledge of the...

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